The Hong-Kong based exchange on-boarded almost 7 million users in less than 100 days.
FM
Hong-Kong based cryptocurrency exchange Binance is growing at an immense pace. According to a monthly report released today by the exchange on its Medium page, Binance now has 7.9 million "total and registered" users.
This figure is mind-blowing on its own, especially when we realize that Binance's competitors in the top 5 of the Coinmarketcap pyramid hold a similar number of users. However, it's even more astonishing when compared to the population of Hong-Kong. According to a census conducted in February by the Chinese government's bureau of statistics, the special autonomous region has 7.4 million residents.
Source: Binance
250,000 new users in one hour
Another interesting factor is the period of time during which Binance, which was founded in September 2017, managed to reach this number of users. According to the report, the vast majority of its clientele - almost 7 million people - were on-boarded in only 97 days. This rapid pace appears more reasonable when we look at it in the context of the exchange's peak periods. According to an interview given by Binance CEO Zhao Chanpeng back in January, the exchange attracted a quarter of a million new users in one hour after reopening registration after a brief break.
Binance chain
This week Binance revealed some interesting news, announcing the establishment of its own Blockchain and the upgrade of its cryptocurrency. The new platform, called ‘Binance Chain’, will be used for the transfer and trading of blockchain assets. Binance promised thatit will eliminate administration tasks using smart contract rules and will speed up transaction settlement.
The exchange's own token, Binance Coin (BNB), will be upgraded and will now exist on its public blockchain.
However, Binance has experienced several setbacks during its time in operation. The exchange experienced numerous hacks and DDoS Attack, causing it to go offline. Last week, it fell under a sophisticated attack, causing mayhem in the crypto space and contributing to the bearish sentiment in the market. The anonymous hackers, who gathered the information of 31 Binance users by phishing and creating a special API key, pumped and dumped the VIA coin, causing its value to spike from a little over $2 to more than $10.
Soon after the hack, Zhao published a statement asking the public for help in catching the hackers, offering $250,000 in return for information leading to an arrest.
Hong-Kong based cryptocurrency exchange Binance is growing at an immense pace. According to a monthly report released today by the exchange on its Medium page, Binance now has 7.9 million "total and registered" users.
This figure is mind-blowing on its own, especially when we realize that Binance's competitors in the top 5 of the Coinmarketcap pyramid hold a similar number of users. However, it's even more astonishing when compared to the population of Hong-Kong. According to a census conducted in February by the Chinese government's bureau of statistics, the special autonomous region has 7.4 million residents.
Source: Binance
250,000 new users in one hour
Another interesting factor is the period of time during which Binance, which was founded in September 2017, managed to reach this number of users. According to the report, the vast majority of its clientele - almost 7 million people - were on-boarded in only 97 days. This rapid pace appears more reasonable when we look at it in the context of the exchange's peak periods. According to an interview given by Binance CEO Zhao Chanpeng back in January, the exchange attracted a quarter of a million new users in one hour after reopening registration after a brief break.
Binance chain
This week Binance revealed some interesting news, announcing the establishment of its own Blockchain and the upgrade of its cryptocurrency. The new platform, called ‘Binance Chain’, will be used for the transfer and trading of blockchain assets. Binance promised thatit will eliminate administration tasks using smart contract rules and will speed up transaction settlement.
The exchange's own token, Binance Coin (BNB), will be upgraded and will now exist on its public blockchain.
However, Binance has experienced several setbacks during its time in operation. The exchange experienced numerous hacks and DDoS Attack, causing it to go offline. Last week, it fell under a sophisticated attack, causing mayhem in the crypto space and contributing to the bearish sentiment in the market. The anonymous hackers, who gathered the information of 31 Binance users by phishing and creating a special API key, pumped and dumped the VIA coin, causing its value to spike from a little over $2 to more than $10.
Soon after the hack, Zhao published a statement asking the public for help in catching the hackers, offering $250,000 in return for information leading to an arrest.
Wall Street's Crypto Appetite Soars: 57% Professional Investors Ready to Increase Stakes
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
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#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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